Boston Beer (SAM) AI Stock Analysis

• Market Cap: $2.12B
• Dividend Yield: N/A
• Average Volume (3M): 165.71K
• Price to Earnings (P/E): 22.9
• Beta (1Y): 0.27
• Revenue Growth: -1.13%
• EPS Growth: 24.34%
• Country: US
• Employees: 2,537
• Sector: Consumer Defensive
• Sector Strength: 42
• Industry: Beverages - Alcoholic
• EPS (TTM): 4.25
• Shares Outstanding: 8,590,368
• 10 Day Avg. Volume: 175,964
• 30 Day Avg. Volume: 165,707
• PEG Ratio: -3.19
• Price to Book (P/B): 3.87
• Price to Sales (P/S): 1.76
• P/FCF Ratio: 20.54
• Enterprise Value/Market Cap: 1.00
• Enterprise Value/Revenue: 1.07
• Enterprise Value/Gross Profit: 2.25
• Enterprise Value/Ebitda: 8.52
• 1Y Price Target: $236.31
• Price Target Upside: 19.07% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 11
• EPS Forecast (FY): 9.3
• Revenue Forecast (FY): $1.96B

• Rating: 68 Neutral
• Price Target: $213.00 ▲(7.32% Upside)

Boston Beer's overall stock score reflects a stable financial position with strong gross margins and a solid balance sheet. However, the bearish technical indicators and challenges in revenue growth and cash flow generation weigh on the score. Positive corporate events and strategic initiatives provide some optimism for future performance.

Positive Factors

Strong Gross Margins

High gross margins indicate efficient production and cost management, which can sustain profitability and competitive pricing over time.

Operational Efficiency

Increased internal production enhances control over quality and costs, supporting margin improvement and operational resilience.

Leadership Changes

New leadership focused on operational execution can drive strategic initiatives, improve efficiency, and support long-term growth.

Negative Factors

Declining Revenue Growth

Declining revenue growth suggests challenges in market demand or competitive pressures, potentially impacting future profitability.

Challenges in Key Brands

Declining sales in key brands may indicate shifting consumer preferences or increased competition, affecting market share and revenue.

Negative Free Cash Flow Growth

Negative free cash flow growth limits reinvestment capacity and financial flexibility, potentially constraining strategic initiatives.

Boston Beer Business Overview & Revenue Model

Company Description

Boston Beer Company, Inc. (SAM) is a leading craft brewery based in Boston, Massachusetts, known for its innovative and diverse portfolio of alcoholic beverages. Founded in 1984, the company primarily operates in the alcoholic beverage sector, producing a range of beers, ciders, and hard seltzers. Its flagship product, Samuel Adams Boston Lager, has garnered significant acclaim, while the company also offers a variety of seasonal and specialty brews, including Angry Orchard hard cider and Truly Hard Seltzer, catering to a broad consumer base.

How the Company Makes Money

Boston Beer Company generates revenue primarily through the sale of its alcoholic beverages. The company operates a multi-channel revenue model, which includes direct sales to retailers, distributors, and through its own brewery locations. Key revenue streams come from the sale of its flagship beers, seasonal offerings, hard ciders, and the rapidly growing hard seltzer segment. Significant partnerships with distributors across the United States enhance its market reach. Additionally, Boston Beer invests in marketing and brand development to drive consumer awareness and demand, further contributing to its earnings.

Boston Beer Financial Statement Overview

Summary

Boston Beer is in a solid financial position with stable revenue growth and strong cash flow generation. While profitability metrics suggest areas for operational improvements, the company maintains a healthy balance sheet with low leverage, supporting its ability to invest in growth opportunities.

Income Statement

Boston Beer shows solid profitability with a healthy gross profit margin of 45.1% and a net profit margin of 3.8% in TTM (Trailing-Twelve-Months). The revenue growth rate is moderate at 5%, indicating stable sales performance. However, EBIT and EBITDA margins are relatively low at 5% and 11.7%, respectively, suggesting room for operational efficiency improvements.

Balance Sheet

The company's balance sheet is robust with a low debt-to-equity ratio of 0.05, indicating low leverage and financial stability. The equity ratio stands at 71.9%, reflecting a strong capital structure. However, the return on equity (ROE) is modest at 8.7%, pointing to moderate profitability for shareholders.

Cash Flow

Boston Beer's cash flow is strong, with a free cash flow growth rate of 28.6% in TTM, highlighting effective cash management. The operating cash flow to net income ratio is 3.6, and the free cash flow to net income ratio is 2.8, both indicating excellent cash conversion and liquidity.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	1.98B	2.01B	2.01B	2.09B	2.06B	1.74B
Gross Profit	945.58M	893.73M	852.37M	861.99M	797.79M	814.45M
EBITDA	249.25M	245.78M	209.96M	207.41M	129.27M	314.33M
Net Income	92.25M	59.70M	76.25M	67.26M	14.55M	191.96M
Balance Sheet
Total Assets	1.25B	1.25B	1.43B	1.42B	1.39B	1.41B
Cash, Cash Equivalents and Short-Term Investments	250.45M	211.82M	298.49M	180.56M	26.85M	163.28M
Total Debt	40.90M	38.78M	45.27M	54.14M	61.48M	71.49M
Total Liabilities	335.62M	333.83M	352.06M	352.22M	403.38M	451.26M
Stockholders Equity	910.98M	916.19M	1.08B	1.07B	983.41M	956.97M
Cash Flow
Free Cash Flow	211.92M	172.62M	201.06M	109.36M	-91.62M	113.41M
Operating Cash Flow	272.14M	248.89M	265.15M	199.94M	56.30M	253.41M
Investing Cash Flow	-60.18M	-96.25M	-62.38M	-88.51M	-146.62M	-139.12M
Financing Cash Flow	-217.09M	-239.31M	-84.84M	2.80M	-6.64M	12.32M

Boston Beer Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 198.47
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SAM, the sentiment is Negative. The current price of 198.47 is above the 20-day moving average (MA) of 197.43, below the 50-day MA of 204.92, and below the 200-day MA of 218.05, indicating a neutral trend. The MACD of -0.77 indicates Negative momentum. The RSI at 48.12 is Neutral, neither overbought nor oversold. The STOCH value of 42.12 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SAM.

Boston Beer Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
ABEV	80 Outperform	$37.42B	13.83	15.97%	8.45%	-0.68%	4.29%
BUD	75 Outperform	$126.75B	17.76	8.97%	1.85%	-2.06%	21.03%
CCU	70 Outperform	$2.36B	16.60	9.07%	2.56%	16.59%	1.72%
SAM	68 Neutral	$2.12B	22.92	9.58%	―	-1.13%	24.34%
STZ	67 Neutral	$23.50B	19.71	15.91%	2.87%	-5.57%	119.49%
Sector *	62 Neutral	$20.33B	14.63	-3.31%	3.23%	1.93%	-12.26%
TAP	53 Neutral	$9.44B	-4.36	-17.66%	4.04%	-4.01%	-339.22%

Boston Beer Corporate Events

Boston Beer Announces $25M Stock Buyback Plan

On November 7, 2025, Boston Beer Company announced its decision to initiate a 10b5-1 plan to repurchase up to $25 million of its Class A Common Stock. This strategic move, set to occur between December 29, 2025, and March 27, 2026, could potentially enhance shareholder value and reflect the company’s confidence in its financial health.

Boston Beer Appoints New Chief People Officer

On October 23, 2025, Carolyn L. O’Boyle announced her resignation as Chief People Officer of Boston Beer, effective November 7, 2025, after more than five years in the role. Her departure is amicable and unrelated to any disagreements with the company. The Board of Directors has appointed Laura J. Boynton as the new Chief People Officer, effective October 29, 2025. Boynton, who has been with the company since 2001, will oversee people and culture initiatives, reporting to the CEO and COO.

Boston Beer Appoints New COO Phil Hodges

On October 20, 2025, Boston Beer Company announced significant leadership changes, appointing Phil Hodges as Chief Operating Officer. Hodges, who has extensive experience in consumer packaged goods, will focus on enhancing operational execution and implementing margin enhancement initiatives. This move allows CEO Jim Koch to concentrate on strategic areas such as innovation and brand investment. Additionally, Phil Savastano was promoted to Chief Supply Chain Officer, reflecting the company’s commitment to improving operational efficiency and shareholder value.